The Seventy Ninth Group, acknowledges yesterday’s announcement by First Class Metals PLC (“First Class Metals” or “FCM”) regarding the result of its General Meeting (“GM”).
At the GM, held on 24th February, the sole resolution put to shareholders was duly passed. This marks a key milestone in advancing The Seventy Ninth Group’s strategic investment into FCM, following the initial announcement on 18 December 2024 and the subsequent notice of GM issued on 31 January 2025.
The successful outcome of the GM enables the completion of the first stage of The Seventy Ninth Group’s conditional subscription, representing an investment of approximately £2.18 million into FCM. This investment will contribute to ongoing exploration efforts across FCM’s assets in Ontario, Canada.
You can view the FCM announcement HERE
David Webster, Chairman of The Seventy Ninth Group, commented:
“We’re thrilled with the outcome of the General Meeting. This approval propels our strategic investment in First Class Metals, marking a significant milestone. With the shareholders’ support, we’re eager to explore the promising opportunities this investment brings.”
